PwC U.S. Chairman calls for balance between rules and principles.
Financial Executive › Vol. 22 Nbr. 2, March 2006
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Summary
PricewaterhouseCoopers - Accounting principles
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Extract
PwC U.S. Chairman calls for balance between rules and principles.
Dennis Nally, on behalf of his firm, PricewaterhouseCoopers, wants to get the issue of principles-based accounting versus rules-based "out front and into the dialogue" of today's preparers, standard-setters, regulators and users of financial statements. "We have become so driven by a desire to make rules around financial reporting as explicit as we can," says the U.S. Chairman and Senior Partner of PwC, [that] "it has created a degree of complexity in the marketplace that makes it increasingly difficult for anybody to...
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